Tag: Electric vehicles

FG removes import duties on electric vehicles, transit buses

Aminu Imam
FG removes import duties

Federal Government has granted a waiver on import duties for electric vehicles and mass transit buses as measures to ease inflation caused by the ongoing Middle-East crisis on Nigerians and boost affordability. The development is contained in a statement in an 𝕏 post on Monday, by the Special Assistant to the President on Social Media, Dada Olusegun. Olusegun noted that the move was part of the new fiscal measures aimed at easing economic pressure on Nigerians and curbing inflationary pressures following the President’s directive to key economic officials. Olusegun said…

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Senate moves to phase-out petrol cars, considers electric vehicle Bill

Aminu Imam
Senate moves on EVs

A Bill seeking to establish legal and policy frameworks for Nigeria’s transition from petrol-powered vehicles to electric vehicles (EVs) has scaled second reading at the senate.  Sponsor of the Bill, Orji Uzor Kalu, said the proposal aims to reduce carbon emissions, promote local manufacturing, and position Nigeria to benefit from the global shift towards clean mobility. Kalu said the transport sector accounts for about 20 to 30 percent of greenhouse gas emissions in Nigeria, adding that the country risks falling behind other African economies that have begun large-scale electric mobility…

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